Reuters logo
BRIEF-Axfood Q4 operating profit misses market expectations
February 7, 2017 / 6:41 AM / 10 months ago

BRIEF-Axfood Q4 operating profit misses market expectations

Feb 7 (Reuters) - Axfood Ab

* Q4 operating profit was SEK 401 mln

* Q4 like-for-like sales for group-owned stores increased by 1.3%

* Says is focusing on growth and new investments, and forecast is an operating profit in 2017 to be level with outcome for 2016

* Says board of directors proposes an ordinary dividend of SEK 6.00 per share (5.00, plus an extra dividend of 4.00)

* Reuters poll: Axfood Q4 net sales seen at 11,112 million, ebit at sek 458 million, dividend at sek 5.63 per share

* Says estimates food inflation of 1-2 percent in 2017

* Sees capital expenditures of sek 800-900 million in 2017 For the original story click here: here Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below